Analyst: Options market data shows that institutions have strong expectations for volatility ahead of Christmas
ChainCatcher message, Greeks.live analyst Adam posted on social media that after several days of adjustment, the market has once again reached a position of strong divergence. Currently, BTC is fluctuating below $100,000, ETH is fluctuating around $3,700, and most altcoins have seen a decline of over 20%.Currently, BTC options account for 80% of the positions and trading volume in the options market, making them highly indicative. Today, large bullish options transactions accounted for nearly 30%, mainly focusing on buying short-term strike prices of $100,000 and above, while actively buying protective puts for the end of the year also accounted for 10% of the trading volume.Currently, the short-term IV exceeds 60%, which is considered high. Institutions have strong expectations for volatility before Christmas, making it relatively cost-effective to buy some year-end expiration options.